Lovable says it has hit $500M in annualized revenue, with 1 million new projects a week
Key takeaways
- Europe s fast-growing vibe coding startup, Lovable, tells Tech Crunch it has surpassed $500 million in annualized revenue run rate.
- Lovable last discussed its revenue in February, when the company said it crossed $400 million.
- The company also claims it has been used to build over 50 million projects and says usage has accelerated to one million new projects a week.
Europe s fast-growing vibe coding startup, Lovable, tells Tech Crunch it has surpassed $500 million in annualized revenue run rate.
Lovable last discussed its revenue in February, when the company said it crossed $400 million. In August, 2024, Lovable said it could hit $1 billion in annualized revenue within 12 months. It may not be on track to double that figure by summer, but it is still reporting jaw-dropping growth; the company, founded in late 2023, hasn t yet hit its three-year anniversary.
The company also claims it has been used to build over 50 million projects and says usage has accelerated to one million new projects a week. According to a survey of those projects that run on the company s blog, Lovable says its users are primarily non-technical, yet are increasingly building software they intend to monetize or use in their businesses.